POOR UNDERFINANCED OVER REGULATED HEATHROW ....... !!!!!
Come on, chaps, pull the other one.
"Financial developments (at Heathrow) in 2006 were positive, with revenues of 1,544.12 million euro and profits of 608.82 million euro"
and THAT'S from Ferrovial's own website !
http://www.ferrovial.com/en/index.asp?MP=21&MS=759&MN=3
So on revenue of just over £1bn for the year they make 40% profits. No wonder they paid £10.3bn for it.
By the way, the Heathrow figures do not include the World Duty Free operation, which is a separate division of BAA, with revenues of a further 575 million euro.
http://www.ferrovial.com/en/index.asp?MP=21&MS=769&MN=3